SBI Ecowrap report estimates India’s GDP for FY 2012
State Bank Of India (SBI) Economists in their research report “Ecorap”, has revised India’s GDP growth estimate to the extent of 9.3%-9.6% For FY22 (2021-22). Previously it was estimated in the range of 8.5%-9%. The reason for the upward revision is the fall in the number of COVID cases.
The analysis suggested that “India remained untouched by the global situation in Q3 due to supply disruptions, stubborn inflation and aggravation of infections during Q3 2021.” According to the report, India has registered an increase of only 11 per cent in the cases of Kovid-19 during the third quarter of this year, which is the second lowest among the top 15 most affected countries.
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